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Economy & Business - April 2022

CARIBBEAN POINTERS

*** GUYANA EMPHASISES DIVERSIFICATION. The good news on oil continues to flow. On 4 April, US oil giant ExxonMobil announced that it had made a final investment decision for the Yellowtail development, its fourth and largest in the prolific Stabroek Block. It is expected to deliver 250,000 barrels of oil per day from 2025. ExxonMobil has now discovered over 10bn oil-equivalent barrels in its offshore Guyana operations.

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